Texas AG claimed three homes as primary residence. Democrats are being probed for similar issue

https://www.kxan.com/news/texas/texas-ag-claimed-three-homes-as-primary-residence-democrats-are-being-probed-for-similar-issue/


WASHINGTON (AP) — Texas Attorney General Ken Paxton and his wife, Angela, are longtime owners of a $1.5 million house in a gated community outside Dallas. In 2015, they snapped up a second home in Austin. Then another.

The problem: Mortgages signed by the Paxtons contained inaccurate statements declaring that each of those three houses was their primary residence, enabling the now-estranged couple to improperly lock in low interest rates, according to an Associated Press review of public records. The lower rates will save the Paxtons tens of thousands of dollars in payments over the life of the loan, legal experts say.

It is a federal and state crime to knowingly make false statements on mortgage documents.

Mortgages have become political fodder

The mortgage revelations are sure to become fodder in the Republican primary for a U.S. Senate seat in which Paxton is seeking to topple the incumbent, John Cornyn. The situation is further complicated by the Trump administration’s pursuit of Democrats over similar issues.

much more at link...